Recent Closings: 10.12.21 – 10.18.21

Property: Barker Cypress Self Storage
Location: Houston, TX
Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of the LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 56,050
Unit Count: 130 Climate Controlled and 339 Non-Climate Controlled
Acreage: 2.89
Year Built: 1996
Year Expanded: 2003
Highlights:

  • Amenities Including Video Surveillance, Automatic Entrance Gate with Key Code Access, Roll-Up Doors, Concrete Driveways and a Full-Service On-Site Manager’s Office and Residence
  • Multiple Offers within 24 Hours of Marketing Listing
  • Best and Final Offer Accepted One Week Prior to Call for Offers Deadline
  • Upside Opportunity through Rate Increases
  • Nine Single-Story Buildings

Property: Marina Cove Storage
Location: American Fork, UT
Brokers and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 129,145
Unit Count: 744
Acreage: 9.7
Year Built: 2016 – 2019
Highlights:

  • Includes RV Storage
  • Professional Leasing Office and Resident Manager’s Quarters
  • Multiple Offers Received

Property: Crowley Storage Portfolio
Location: Crowley, TX
Brokers and Brokerage: Danny Cunningham, Brandon Karr and Bryan Quaschnick of the Karr Group of Marcus & Millichap
NRSF: 33,100
Unit Count: 263
Highlights:

  • Buyer Purchased Facility with 1031 Exchange Proceeds
  • Multiple Offers Generated from Texas-Based and Out-of-State Storage Groups
  • Buyer Attracted to Expansion Potential in Rapidly Growing DFW Submarket
  • Garage-Style Roll Up Doors
  • Perimeter Fencing & Gating
  • 24-Hour Video Surveillance Cameras
  • Opportunity for Expansion
  • Excellent Visibility & Accessibility
  • Personalized Key-Pad
  • Gated Entry

Property: Southwest Self Storage
Location: Albuquerque, NM
Brokers and Brokerage: Jacob Becher, Jesse Cameron, Tasso Douglas, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 60,550
Unit Count: 577
Occupancy: 100% (Physically)
Highlights:

  • Excellent Location and Great Street Frontage
  • High Daily Traffic Counts: 25,000 Cars/Day
  • Easy Access to and from I-40
  • Undersaturated Self Storage Market: 4.54 NRSF per Capita within a Three-Mile Radius; 5.74 NRSF per Capita within a Five-Mile Radius
  • Dense Surrounding Population: 159,884 People Within a Five-Mile Radius – Represents a 49% Increase Since 2000

Property: Affordable Storage
Location: Orange, TX
Brokers and Brokerage: Danny Cunningham, Brandon Karr, Dave Knobler and Mixson Staffel of Marcus & Millichap
NRSF: 23,340

Property: Harvey’s Storage
Location: Bedford, VA
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 62,490
Unit Count: 398 Non-Climate Controlled and 20 Outdoor Parking Spaces
Highlights:

  • Lynchburg, Virginia MSA Self Storage Offering
  • Below Market Rents
  • Only One Other Self-Storage Facility within a Three-Mile Radius

Property: APublix Self Storage
Location: Oklahoma City, OK
Brokers and Brokerage: Danny Cunningham, Brandon Karr and Bryan Quaschnick of the Karr Group of Marcus & Millichap
NRSF: 83,960
Unit Count: 563
Highlights:

  • Off Market Transaction
  • Approximately Two-Month Escrow Period

Property: Riverside Boat & RV Storage
Location: Newcastle, OK
Brokers and Brokerage: Danny Cunningham, Brandon Karr and Bryan Quaschnick of the Karr Group of Marcus & Millichap
NRSF: 161,316
Unit Count: 472
Highlights:

  • Multiple Offers Generated
  • Transaction Closed Above List Price

Property: Midlothian Self Storage
Location: Midlothian, TX
Brokers and Brokerage: Danny Cunningham, Brandon Karr and Bryan Quaschnick of the Karr Group of Marcus & Millichap
NRSF: 94,385
Unit Count: 714
Highlights:

  • Buyer Purchased Facility with 1031 Exchange Proceeds
  • Approximately 2 Month Escrow Period
  • Buyer Attracted to Rapidly Growing DFW Submarket
  • Garage-Style Roll Up Doors
  • Perimeter Fencing and Gating
  • 24-Hour Video Surveillance Cameras
  • Professional Leasing Office
  • UPS/FedEx Shipping Center
  • Personalized Key-Pad Gated Entry

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